Nestled in the serene cul-de-sac of Park Road, this charming 2-bedroom, 1-bathroom cottage on a freehold title boasts a fair-conditioned wood exterior and iron roof, constructed in the 1930s. Sitting on a 1406m2 section with an easy/moderate rise contour, it offers a floor area of 68m2 and captivating views over Huruhi Bay. The property has seen a significant Capital Value increase of 45% from $1,000,000 in June 2017 to $1,450,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,347,500, while the latest sales were recorded at $960,000 in March 2018 and $700,000 in August 2015.
Not only is this property rich in potential, with consent for a new 3-bedroom house and the conversion of the existing cottage into a one-bedroom visitor facility, but it also enjoys a prime location within a highly sought-after school zone. The local schools have a high decile rating, ensuring quality education for the family.
With the combination of a growing CV, a stunning location, and excellent school networks, this property presents an irresistible opportunity for both investors and families. Whether as a holiday retreat or a family home, it's a treasure waiting to be discovered.
Updated on July 05, 2024